Wal-Mart Stores Inc. revealed its intentions to aggressively expand its presence in China. The retail giant stated it plans to open a number of new stores across the country over the next several years. This expansion signifies Wal-Mart’s commitment to the Chinese market and its belief in the country’s continued economic growth. The company sees substantial opportunities to serve the expanding consumer base in China.

Specific details regarding the number of stores and investment amounts were not disclosed. However, company representatives emphasized that the expansion would create numerous jobs and contribute to the local economies. Wal-Mart’s current operations in China have been successful, and the company is confident that this expansion will further strengthen its position in the market. Further announcements are expected later this year.